Rent right, or rent wrong
Renting has its allure as well. The money you would have spent on a down payment for a home can be invested elsewhere - a potentially profitable alternative. Also, there are no long-term commitments beyond the length of your lease when you rent, so you can relocate relatively easily and quickly. And forget about paying home-maintenance fees: landlords take care of your drafty windows and leaky faucets. On the downside, a rented home offers no equity - money goes out, nothing comes in. Even potential investment earnings are wasted on monthly rent payments.
Ultimately, make the decision to own or rent rationally, not emotionally. Maximize the investment considerations and weigh them against your short-term flexibility needs.